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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Wed, 20 Jul 2005 09:29:00 GMT /

Author of the message: user@127.0.0.1

Title of the message:
FYI: Housing Bubble: Bankrupting Suburbia

Text of the message:
rense.com
Housing Bubble:
Bankrupting Suburbia
By Kentroversy
7-18-5
At the same time we in America are experiencing record deficits and
overwhelming debt, there is a coexistent housing bubble. A result of a
seller's market in housing, this current real-estate market bubble is
unsustainable, and could result in the ruination of many millions of
American families, if they are caught with a mortgage debt that they
cannot pay off when the inevitable market crash occurs. If any Federal
Reserve member bank is caught in a downward spiral toward bankruptcy,
it is logical that they will make a move to call in all their
outstanding loans, including home mortgages. Please take notice that I
said WHEN and not IF this crash occurs. My reasoning will be stated
below, and is the result of my own examination of current market
indicators.
A recent eight-page article in the June 13, 2005 issue of Time



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